How it works

While eCommerce is booming across the Internet, cryptocurrencies today are still being used primarily for speculation.

Buyers are unprotected

Anyone that’s paid with cryptocurrencies before will tell you, once you’ve made the payment you can only hope that the seller delivers on their promise. If they don’t, well... tough luck.

Payments are irreversible

Payment is just the first step in the transaction. The seller still needs to ship the product to you, the buyer - and you need to verify that you received it, and are happy with it.

Verify protects the entire transaction, from the moment the buyer pays to the moment they confirm that they are satisfied with their purchase.

Atomic transactions

If both parties aren’t satisfied, the entire transaction is “undone” (Buyer gets back their money, and the seller gets back their product).

Cryptographically-enforced promises

A smart contract automatically enforces seller promises like “30 day no questions asked returns”. Everyone benefits! Sellers gain buyers trust, even those that are buying from them for the first time. Buyers can confidently shop from sellers across the globe without worrying about getting defrauded.

Protection that sellers love

It’s the best of both worlds: you get the protection of existing financial instruments like credit cards, but without any of the disadvantages associated with slow, clunky processes.

Buy with confidence

Never worry about whether you’ll receive your product, or whether the seller will agree to refund damaged products.

Pay in Crypto

Pay with any cryptocurrency you like and Verify automatically converts it into stablecoin to mitigate volatility risk.

Simple, secure checkout

No dealing with clunky private keys and 3rd party wallets, you can use the Verify wallet safely on any device.

Increased Sales

With the comprehensive protection Verify offers, buyers across the globe are more willing to transact with Verify sellers — resulting in more sales.

For online and retail stores

Verify Payments works for both online and retail stores, providing better-than-cash protection for all your purchases.

Single integration, all coins

One integration to accept all cryptocurrencies! We’ll integrate with all of the most popular cryptocurrencies, so you don’t have to.

No volatility risk

Get paid in USD stablecoin and avoid worrying about currency gains & losses. Lower fees mean you keep more of your money.

Low fees

While credit card companies charge you 3%+ transaction, we charge just no transaction fees, and just a 1% insurance fee.

Better reputation

As your reputation improves over time, we’ll release a greater portion of your funds sooner — eventually leading to instant payouts!

Product Development Roadmap

Realizing our vision to catapult blockchain commerce forward

2017

June

An Idea.

Developed the idea and brainstormed potential solutions. Continued working on it throughout July and August.

2017

August

Phase 1: Proof of Concept

Formed a team of payments experts, several from world-class firms like Amazon and GE. Self-funded a minimum viable product as a proof of concept.

2017

September

Private Funding

Raised early funds from a group of private investors. Hired technical team of payments and blockchain developers to build out the Reputation and Verify Payments API.

2017

December

Fundraise

Raise the funds needed to pursue our grand vision to grow commerce on the blockchain. This involves partnerships with established blockchain entities and enlisting beta sellers from across the globe.

Early 2018

Phase 2: Secure sellers on Verify

Without sellers offering Verify Payments, buyers will not be able to use it. Focus here is on infrastructure tasks and items on the critical path to allowing sellers to integrate and use Verify Payments in their stores.

Late 2018

Become the preferred cryptopayment method

Having validated the seller-side of the business, focus now shifts from sellers to buyers. The goal is to improve the checkout experience with a focus on establishing expectations, highlighting buyer protection features and usability.

Late 2019

Phase 3: Accept fiat payments

By this point, we have already captured a significant share of the cryptocurrency market in terms of both buyers and sellers. The goal becomes to convert users that have never used cryptocurrencies to Verify Payments users.

Message from the CEO

There are two ways to build a company: you either build for the short-term or the long-term. We're building Verify for the long term.

While this sounds great in the abstract, it's also the unpopular option. This is especially true in the crypto world, where everything moves at break-neck speeds, and mere seconds separate a profit from a loss.

By deciding to focus on the long-term, we forego short term hype that is all but meaningless for a company of our size, and focus on building the long-term value of the Verify network: by making something people want.

My role as the CEO is to apply the experience I've gathered from my previous ventures into growing a capable, revenue oriented long term company — one that solves pressing real-world problems today.

FAQs

What cryptocurrencies does Verify Payments accept?

Verify Payments accepts BTC, ETH and many other popular cryptocurrencies. We plan to support all popular currencies, and provide real-time conversion for those we don't immediately add.

Will CRED be listed on an exchange?

Yes, we will be listing CRED tokens on an exchange. At present, we are unable to post a guaranteed list of all exchanges we will partner with, but we do plan to list on at least one exchange within two weeks of the crowd sale close.

How is Verify different than …?

We get this question a lot — Paypal, credit cards, Monetha to Utrust. We've done an in-depth comparison with all these options and more on our Medium blog.

How can I follow project updates?

We post regular updates to our Community page. Subscribe to get all the latest news on the project.